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Topic: Yet another DOTA2 Freicoin Auction (150FRC Starting Bid) - page 2. (Read 2810 times)

hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
To those interested in more details on this matter. I would be happy to open a thread and discuss it.

Yes, please. I'll wait, but I'm curious about where that number came from.

Just before I hit the sack... Islamic economic jurisprudence

The 2.5% is from the "zakat", It was not called demurrage but it certainly fit the definition. The article called "zakat" as tax. But it differs from tax because you are not required to pay it to specific authority for redistribution as services. You can do it yourself or pay someone to do it for you. This "Zakat" was for specific possessions (Cattle, Precious metals and else) which are kept and not spent in a specific period of time (a year mostly).

P.S. Yes there is no such thing as "Interest rate" in Islam. It is forbidden.

This would make a very interesting topic in the economics forums. But for now I have to sleep to wake up to the already opened netbeans instance -_-!

................ZzZzZz
legendary
Activity: 1372
Merit: 1002
To those interested in more details on this matter. I would be happy to open a thread and discuss it.

Yes, please. I'll wait, but I'm curious about where that number came from.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
But basically in the state of Islam (which means any place where they implement islamic laws), one require to give up 2.5% of personal savings to the poor.

There are a lot of specific rationales and details But specifically for precious metals (mining and storing), Whenever you own a total of what equals around 85grams of gold that did not move around or spent for personal use for a whole year, You are required to give away the equivalent of 2.5% of your savings worth to the poor.

To those interested in more details on this matter. I would be happy to open a thread and discuss it.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
Although I think a demurrage of 2.5% would be the right amount (From my Islamic background point of view).

Sorry to go offtopic again, we can discuss this in other thread if you like. Maybe a link or something is enough to kill my curiosity, but that's very interesting to me. Can you extend on this?


sure, I have to write a proper new thread so maybe after a couple of days.  I have some deadline to catch up to this weekend ^_^.

legendary
Activity: 1372
Merit: 1002
Although I think a demurrage of 2.5% would be the right amount (From my Islamic background point of view).

Sorry to go offtopic again, we can discuss this in other thread if you like. Maybe a link or something is enough to kill my curiosity, but that's very interesting to me. Can you extend on this?
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
Well I don't know why people hate demurrage. I think it is a good idea for an along-with-bitcoin cryptocurrency. Although I think a demurrage of 2.5% would be the right amount (From my Islamic background point of view).


Anyway please stay on topic I am trying to sell stuff here Tongue, Current bid is 150FRC.
sr. member
Activity: 322
Merit: 250
Hehe, maybe the recipient (me) could open a thread on "scam accusations" that you stole his (my) "money", just like bitcoinstor did... lol (dont know if you know the story but it was atleast hilarious)

I didn't make this connection until now.  Grin Haha! Keep mining Freicoin you can keep all the coins you mine (except those lost to demurrage).  Tongue

except those that go to you, you mean? ok j/k
i keep mining on 20-30 mhash just to maintain those that i already have Smiley
sr. member
Activity: 966
Merit: 311
Hehe, maybe the recipient (me) could open a thread on "scam accusations" that you stole his (my) "money", just like bitcoinstor did... lol (dont know if you know the story but it was atleast hilarious)

I didn't make this connection until now.  Grin Haha! Keep mining Freicoin you can keep all the coins you mine (except those lost to demurrage).  Tongue
sr. member
Activity: 322
Merit: 250
so can i restart the bidding at 150 then


You dont restart, its the second of the six auction  Tongue First one was successful

@nethead, searched the forum and found a couple of pretty funny accusations. Which of them did you mean?

Uh nevermind, its old news by now
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
so can i restart the bidding at 150 then


Yes by all means. that what I posted earlier!

@nethead, searched the forum and found a couple of pretty funny accusations. Which of them did you mean?
legendary
Activity: 1420
Merit: 1010
so can i restart the bidding at 150 then
sr. member
Activity: 322
Merit: 250
Thanks Smiley

You are very welcome.... hehe now let me complain to paypal or valve so they would reverse the transaction... oh wait they can't do that!


<3 cryptocurrencies

Hehe, maybe the recipient (me) could open a thread on "scam accusations" that you stole his (my) "money", just like bitcoinstor did... lol (dont know if you know the story but it was atleast hilarious)
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
Thanks Smiley

You are very welcome.... hehe now let me complain to paypal or valve so they would reverse the transaction... oh wait they can't do that!


<3 cryptocurrencies
sr. member
Activity: 322
Merit: 250
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
----------------------------------------------------------------------------------------------------------------
Sold to nethead For the amount of 325 FRC

Paid for: Yes
Received game: Yes

----------------------------------------------------------------------------------------------------------------

Round#2 ( (5/6) Remaining): Starts at 150FRC, Ends in 24hours.

Good luck to all.
sr. member
Activity: 322
Merit: 250
legendary
Activity: 1420
Merit: 1010
sr. member
Activity: 322
Merit: 250
250 AuctionCoins on this!
legendary
Activity: 1420
Merit: 1010
sr. member
Activity: 322
Merit: 250
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